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Aarti Inds scales record high after setting record date for share buyback
Oct 18,2016

The announcement was made after market hours yesterday, 17 October 2016.

Meanwhile, the S&P BSE Sensex was up 212.63 points or 0.77% at 27,742.60

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 10,758 shares in the past one quarter. The stock hit a high of Rs 740 so far during the day, which is a record high for the counter. The stock hit a low of Rs 720 so far during the day. The stock had hit a 52-week low of Rs 417 on 26 February 2016. The stock had outperformed the market over the past 30 days till 17 October 2016, rising 18.04% compared with 3.74% decline in the Sensex. The scrip aso outperformed the market in past one quarter, surging 34.45% as against Sensexs 0.93% decline.

The mid-cap company has equity capital of Rs 41.66 crore. Face value per share is Rs 5.

Aarti Industries said that the board of directors of the company at its meeting held yesterday, 17 October 2016 has approved the buyback up to 12 lakh equity shares of the company representing up to 1.44% of the total equity capital at Rs 800 per share for an aggregate amount of up to Rs 96 crore. The buyback will be on a proportionate basis through the tender offer to all of the equity shareholders/ beneficial owners who hold shares on the record date. Members of the promoter and promoter group of the company have indicated their intention to participate in the proposed buyback, Aarti Industries said. The announcement was made after market hours yesterday, 17 October 2016.

Aarti Industries net profit rose 35.5% to Rs 82.51 crore on 2.2% growth in net sales to Rs 673.24 crore in Q1 June 2016 over Q1 June 2015.

Aarti Industries is one of the leading suppliers to global manufacturers of dyes, pigments, agrochemicals, pharmaceuticals & rubber chemicals

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Marksans Pharma gets ANDA approval for Paricalcitol Capsules
Oct 18,2016

Marksans Pharma announced that USFDA has granted approval for an Abbreviated New Drug Application (ANDA) for Paricalcitol Capsules 1mcg, 2 mcg and 4 mcg.

Paricalcitol Capsules 1mcg, 2 mcg and 4 mcg are therapeutically equivalent to the reference listed drug Zemplar Capsules 1 mcg, 2 mcg and 4 mcg of Abbvie Inc.

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Outcome of board meeting of Atishay
Oct 18,2016

Atishay announced that the meeting of the Board of Directors of the Company was held on 17 October 2016, at 11.30 AM, inter alia, and discussed the following business as under:-

1. The Audit Committee discussed with the half yearly financial results for the six months ended 30 September 2016 and came out with a point to be clarified with an expert. The matter was then put before the board and discussed. After discussion in the Board Meeting -the board came to a conclusion that the half yearly financial results will be considered and approved in the next board meeting which will be held on 24 October 2016 at 11.00 a.m.

2. The board approved the proposal for migrating of the Company to the Main Board of the BSE and complete all the related formalities for same, as to conduct postal ballot.

3. The Board approved to appoint Prajakta V Padhye of M/s Prajakta V.Padhye & Co.- Practicing Company Secretary as scrutinizer for postal ballot.

4. The board also confirmed the appointment of Ajay Mujumdar as Non -Executive Director Independent Director to be passed through postal ballot.

5. Atishay has been listed as Live (Authentication User Agency) as published by UIDAI.

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Western India Shipyard gets extension to hold AGM
Oct 18,2016

Western India Shipyard has sought extension of time of about 3 months from the Registrar of Companies, Goa (ROC) for holding its 24th Annual General Meeting of the Company in view of the continuing labour unrest in the shipyard. The said ROC approval has been received. Accordingly, the AGM fixed on 03 November 2016 has been postponed and the fresh date for holding the said AGM of the Company will be informed in due course.

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Apar Industries announces demise of director
Oct 18,2016

Apar Industries announced that Dr. Narendra D. Desai, the Chairman and Non- Executive Director of the Company passed away on 17 October 2016.

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Rashtriya Chemicals & Fertilizers redeems CP aggregating Rs 200 crore
Oct 18,2016

Rashtriya Chemicals & Fertilizers announced that the Commercial Paper issued on 21 September 2016, for Rs.200 crore, has been redeemed on 18 October 2016.

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Logistics stocks in demand
Oct 18,2016

Snowman Logistics (up 5.08%), Gati (up 3.69%), Sical Logistics (up 2.68%), Allcargo Logistics (up 2.33%), Gateway Distriparks (up 2.06%), Container Corporation of India (up 1.79%), VRL Logistics (up 1.63%), Blue Dart Express (up 0.97%), Transport Corporation of India (up 0.78%) and Aegis Logistics (up 0.65%), edged higher.

The S&P BSE Sensex was up 233.40 points, or 0.85% at 27,763.37.

A crucial three-day meeting of the Goods and Services Tax (GST) Council, comprising state finance ministers, starts today, 18 October 2016. The meeting is crucial because the government has set a deadline of 1 April 2017 for the GST rollout.

GST, touted as the single biggest indirect taxation reforms since independence, will simplify and harmonise the indirect tax regime in the country. The GST seeks to create a seamless national market in the country by replacing plethora of state taxes and central taxes by one tax.

Logistics firms could benefit from the removal of inefficiencies in interstate taxation and check posts.

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Vikas Wsp to hold board meeting
Oct 18,2016

Vikas Wsp will hold a meeting of the Board of Directors of the Company on 5 September 2016.

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Pil Italica Lifestyle to hold board meeting
Oct 18,2016

Pil Italica Lifestyle will hold a meeting of the Board of Directors of the Company on 25 October 2016 Preferential issue of warrants to Promoter and Non Promoter,Approval of the Postal Ballot Notice

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Welspun Corp to hold board meeting
Oct 18,2016

Welspun Corp will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the standalone as well as the consolidated un-audited financial statements of the Company for the quarter and half year ended September 30, 2016 (Q2).

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Sudal Industries to hold board meeting
Oct 18,2016

Sudal Industries will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2016 together with Limited Review Report and Statement of Asset and Liabilities as on that date.

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Phoenix Township to hold board meeting
Oct 18,2016

Phoenix Township will hold a meeting of the Board of Directors of the Company on 24 October 2016 to consider and approve the Un-audited Financial results of the Company for the quarter and Half year ended September 30, 2016.

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Uniphos Enterprises to hold board meeting
Oct 18,2016

Uniphos Enterprises will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2016.

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Walchand Peoplefirst to hold board meeting
Oct 18,2016

Walchand Peoplefirst will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider the Unaudited Financial Results along with the Limited Review Report for the quarter ended September 30, 2016.

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Morarjee Textiles to hold board meeting
Oct 18,2016

Morarjee Textiles will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider, approve and take on record the Unaudited Financial Results of the Company along with the Statement of Assets and Liabilities and Limited Review Report thereon, for the quarter and half year ended September 30, 2016, for the Financial Year 2016-2017.

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